LCRA to sell wastewater system to cities - Austin Business Journal:

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The Brushy Creek system serves fivewastewater providers, including Cedar Park, Round Rock and portionzs of Austin, the Fern Bluff Municipal Utility District and the Brushy Creek MUD. “Whil the city of Cedar Park is appreciativre of the LCRA for setting up this system and providing a necessaryt service toour residents, we believe by purchasing the syste m we can save our rate payersd money,” Cedar Park Mayor Bob Lemon said. this is in the best interest of our city and our Under an agreement with customers and an alliance withthe , the LCRA has developedd and expanded the regional system and the Brazows River Authority has operated it since 1996.
Roun Rock, Cedar Park and the LCRA next need to negotiatre a purchase agreementby Sept. 1, and work with the othe entities served bythe system. The memorandum of understanding call for those cities to pay all debt relatex to thesystem — about $115 million — and costas related to the financial transaction. The cities will also pay $2.6 million to the LCRA at the closinbg for projectmanagement fees.
“I am proudx of the contribution the LCRA has made to help develop a regionapl system that has allowed economic developmenty and environmental benefits for the saidThomas Mason, LCRA general “We have worked with the cities to negotiate a fair price for the rate payers of the Brushyg Creek system and the rate payers of the LCRA’ss other systems.”